Form 4: Director Graham Smith Receives Procore RSU Grant

Procore Technologies director Graham Smith was granted 4,712 restricted stock units as part of his director compensation.

Summary

• Director Graham Smith acquired 4,712 restricted stock units (RSUs) of Procore Technologies, Inc. (PCOR).
• The transaction occurred on June 4, 2026.
• The RSUs represent a right to receive common stock, with the shares granted at a price of $0.
• Following this transaction, the reporting person holds a total of 54,381 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine regulatory filing regarding director compensation with no impact on company operations or financial strategy.

Positives

• The grant aligns the director's interests with those of shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Vesting of the RSUs is subject to the director's continued service through the 2027 annual meeting of stockholders.

Future Outlook

The RSUs are scheduled to vest 100% on the date of the issuer's 2027 annual meeting of stockholders, with receipt of shares deferred until termination of service or a change in control.

Management Comments

• The transaction represents standard director equity compensation.

Industry Context

StockSavvy.ai notes that this is a routine disclosure of director compensation, common among publicly traded technology companies to ensure board alignment with long-term equity performance.

Comparison to Industry Standards

• The use of RSUs for director compensation is standard practice for SaaS and technology companies of Procore's market capitalization.
• The deferral mechanism for share receipt is a common governance feature to manage tax and long-term holding incentives.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity grant to a board member.

Next Steps

• Vesting of RSUs at the 2027 annual meeting of stockholders.

Key Dates

Keywords

Procore Technologies, PCOR, Form 4, Insider Trading, Director Compensation, Restricted Stock Units